Tag Archive for 'Foreclosure Mediation Program'

Deed in Lieu of Foreclosure

The “deed in lieu of foreclosure” is the foreclosure alternative in which the property owner turns over the property to the lender and avoids the formal foreclosure process. As in a true short sale, the borrower’s goal in a “deed in lieu” resolution is to avoid liability for the deficiency that results if the property […]

Connecticut’s Foreclosure Mediation Program

Connecticut’s Foreclosure Mediation Program provides court oversight to the mortgage modification process and can help borrowers obtain a mortgage modification that otherwise may have been beyond their reach. The borrower must satisfy five criteria to be eligible for the program. First, the property must be the borrower’s primary residence. Second, the borrower must occupy the […]

Motion to Dismiss for Lack of Standing

Produce the Note, An Alternate View, Parts 1, 2 and 3 explained why borrowers might be better off asking the foreclosing party to prove ownership of the debt rather than asking it to produce the note. But how and when does the borrower go about asking the lender to do either of these things? In […]